Quadrature Capital Ltd Has $11.13 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Quadrature Capital Ltd reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,581 shares of the transportation company’s stock after selling 186,215 shares during the quarter. Quadrature Capital Ltd’s holdings in Delta Air Lines were worth $11,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAL. Capital International Investors lifted its stake in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after acquiring an additional 1,689,053 shares in the last quarter. Norges Bank purchased a new position in Delta Air Lines during the fourth quarter worth about $65,056,000. Jennison Associates LLC grew its position in Delta Air Lines by 145.2% in the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after purchasing an additional 1,550,770 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in Delta Air Lines by 27.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after buying an additional 1,376,221 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Delta Air Lines by 27.0% during the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock worth $178,112,000 after buying an additional 1,022,957 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $495,000. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold a total of 178,919 shares of company stock worth $8,834,653 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DAL. Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $59.85.

Delta Air Lines Price Performance

DAL stock traded up $0.01 during mid-day trading on Friday, hitting $50.44. 4,743,544 shares of the stock were exchanged, compared to its average volume of 5,981,533. The business has a fifty day moving average price of $49.94 and a 200 day moving average price of $43.98. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market capitalization of $32.55 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.74 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.66 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.